Consolidated Post-Compensation FCCR Sample Clauses

Consolidated Post-Compensation FCCR. As measured for Parent and its consolidated Affiliates as of the last day of each Fiscal Quarter, Parent and its consolidated Affiliates must have a Consolidated Post-Compensation FCCR equal to or greater than the ratio stated in the following table; provided, however, that this Consolidated Post-Compensation FCCR shall not be tested as of a Fiscal Quarter end if the Loan-to-Value Ratio as then in effect is 60% or less: Fiscal Quarter Ending Minimum Consolidated Post-Compensation FCCR 03/31/2012 0.75:1.00 06/30/2012 0.80:1.00 09/30/2012 0.85:1.00 12/31/2012 0.90:1.00 03/31/2013 0.90:1.00 06/30/2013 0.95:1.00 09/30/2013 0.95:1.00 12/31/2013 1.00:1.00 03/31/2014 1.00:1.00 06/30/2014 0.75:1.00 09/30/2014 0.75:1.00 12/31/2014 and thereafter 1.00:1.00
Sample 1
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Consolidated Post-Compensation FCCR. Borrower must maintain, and cause Jacksonville Borrower to maintain, a Consolidated Post-Compensation FCCR of at least 1.00:1, measured as of the last day of the first Fiscal Quarter of Borrower to end after the Closing Date and as of the end of each of Borrower’s next succeeding Fiscal Quarters throughout the Loan term. With respect to foregoing financial covenant tests during the first 12 months after the Closing, the amounts included in the denominator used in calculating such ratio shall only include those amounts for the period from the Closing Date to the test date, and such amounts will be annualized.
Sample 1
Consolidated Post-Compensation FCCR. Borrower must maintain, and cause College Park Borrower to maintain, a Consolidated Post-Compensation FCCR of at least 1.00:1, measured as of the last day of the first Fiscal Quarter of Borrower to end after the Closing Date and as of the end of each of Borrower’s next succeeding Fiscal Quarters throughout the Loan term. With respect to foregoing financial covenant tests during the first 12 months after the Closing, the amounts included in the denominator used in calculating such ratio shall only include those amounts for the period from the Closing Date to the test date, and such amounts will be annualized.
Sample 1

Related to Consolidated Post-Compensation FCCR

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

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